Bhubaneswar: The police in Deogarh district of Odisha today arrested a man on charges of possessing fake currency notes.

The accused has been identified as Binod Singh of Gandhi Square area in Bargarh town. Singh was residing at Khapara Sahi area of Deogarh town for the last few days, sources said.

According to sources, Singh had given a fake currency note to a shopkeeper at Expo Market in Deogarh town while buying some goods yesterday.

On being informed by the shopkeeper, the Deogarh police today raided Singh’s rented house at Khapar Sahi and seized 135 pieces of fake Rs 500 note and 20 pieces of fake Rs 200 note from his possession.

The police also seized a bank passbook, 14 ATM cards, six mobile phones and a four-wheeler from the possession of Singh.

During interrogation, Singh informed police that he had brought the fake currency notes from one Punei Oram of Saladega village in Sundargarh district, sources said.

Oram, however, told police that Madhu Barik, a resident of Padmapur area in Bargarh district, had given him the fake currency notes, sources added.

“We have arrested Singh for possessing fake notes and produced him in a local court. We have also interrogated Oram in connection with the case. We are trying to nab the kingpin of the fake currency racket,” said Deogarh police Inspector In-Charge Surendra Kumar Nayak.